IK Partners and Løgismose Meyers Holding ApS to divest Meyers
22 December 2022
The leading European private equity firm, IK Partners, has through its majority ownership stake in Løgismose Meyers Holding ApS, which owns the two separate companies, Løgismose A/S and Meyers A/S, signed an agreement to divest Meyers to UK-based Westbury Street Holdings (WSH). Plesner acted as legal counsel for IK Partners and Løgismose Meyers Holding ApS.
IK Partners (IK) has through its majority ownership stake in Løgismose Meyers Holding ApS agreed to divest Meyers A/S and related "Meyers"-companies (Meyers) to Westbury Street Holdings (WSH).
Meyers will continue as a separate company under the ownership of WSH with its current CCO, Jesper Wacherhausen, as new CEO, while Jesper Uggerhøj will enter into a position as board member. Claus Meyer, who founded Meyers in 1989, will re-invest under WSH's ownership.
Meyers is a high-end B2B hospitality provider operating canteens, lunch and event catering, restaurants, as well as bakeries. Further, Meyers sells consumer products to retail stores and offers food courses and consultant services within climate-friendly transitioning and sustainability.
Under IK's ownership Meyers has invested massively in expansion of its leading canteen business, launched high-end lunch catering to small and medium sized companies and developed customer-directed digitalization.Consequently, Meyers has in 2022 expanded its customer portfolio with additional canteens, renewed growth in lunch catering and several customers has increased its activity level during the year.
The transaction is subject to customary regulatory approvals and is expected to be finalised in H1 of 2023.
Plesner's core M&A team on the transaction was Henrik Rossing Lønberg, Tina Kang, Kristian Vinter Bisgaard and Andreas Winther Madsen.
Read the Løgismose Meyers Holding press release (in Danish)
Meyers will continue as a separate company under the ownership of WSH with its current CCO, Jesper Wacherhausen, as new CEO, while Jesper Uggerhøj will enter into a position as board member. Claus Meyer, who founded Meyers in 1989, will re-invest under WSH's ownership.
Meyers is a high-end B2B hospitality provider operating canteens, lunch and event catering, restaurants, as well as bakeries. Further, Meyers sells consumer products to retail stores and offers food courses and consultant services within climate-friendly transitioning and sustainability.
Under IK's ownership Meyers has invested massively in expansion of its leading canteen business, launched high-end lunch catering to small and medium sized companies and developed customer-directed digitalization.Consequently, Meyers has in 2022 expanded its customer portfolio with additional canteens, renewed growth in lunch catering and several customers has increased its activity level during the year.
The transaction is subject to customary regulatory approvals and is expected to be finalised in H1 of 2023.
Plesner's core M&A team on the transaction was Henrik Rossing Lønberg, Tina Kang, Kristian Vinter Bisgaard and Andreas Winther Madsen.
Read the Løgismose Meyers Holding press release (in Danish)
